Last Date To Exchange Rs. 2,000 Notes At Banks

After this, notes can only be exchanged with the RBI...

The last date to exchange Rs. 2,000 notes on Saturday, 07 October 2023 at the bank.

According to the Reserve Bank of India (RBI), the exchange of Rs. 2,000 currency notes will only be allowed at the 19 RBI Issue Offices, after October 7 with a cash deposit limit of Rs. 20,000 note maximum per transaction.

But at the 19 RBI Issue Offices, people can present Rs. 2,000 banknotes for credit to any amount on their Indian bank accounts.

According to the RBI, the Rs. 2,000 currency notes will remain legal tender even after the deadline, however, they will not be accepted for transactions anymore.

After today, the notes can only be exchanged with the RBI.

According to the RBI FAQs, "The Rs. 2000 banknotes can continue to be exchanged by individuals at the 19 RBI Issue Offices up to a limit of Rs. 20,000 at a time.

Individuals can also tender Rs. 2000 banknotes at the 19 RBI Issue Offices for credit to their bank accounts in India for any amount".

"Such exchange or credit shall be subject to relevant RBI, Government regulations, submission of valid identity documents and due diligence as deemed fit by RBI," the press note read.